The dollar weakens as Trump retreats from China trade wars; Malaysia stocks soar on election of anti-market leader; the most anti-establishment government looms in Italy and BTP spreads compress; Argentine peso plummets despite massive intervention and promises; VIX hits a 12-handle as Trump reportedly "unleashes global chaos" by abandoning the Iran deal; bonds and bullion are down as the Middle-East erupts in chaos around Gaza.
Traders "Have Lost The Thread Of Their Own Narratives"
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